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Note Payable and Revolving Line of Credit (Tables) | 12 Months Ended
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Dec. 31, 2019
Notes Payable [Abstract] |
Carrying Value of Note Payable | As of December 31, 2019 and 2018 the carrying value of the Company’s note payable is summarized as follows:
Note Payable |  | December 31, 2019 |  |  | December 31, 2018 |
Principal balance outstanding |  | $ | 19,338,556 |  |  | $ | 19,809,511 |
Less: Loan procurement costs, net |  |  | (498,769 | ) |  |  | (540,261 | )
Total note payable, net |  | $ | 18,839,787 |  |  | $ | 19,269,250 |
Future Principal Payment Requirements | The following table represents the future principal payment requirements on the note payable as of December 31, 2019:
2020 |  | $ | 492,797 |
2021 |  |  | 513,857 |
2022 |  |  | 535,816 |
2023 |  |  | 558,714 |
2024 |  |  | 582,591 |
2025 and thereafter |  |  | 16,654,781 |
Total principal payments |  | $ | 19,338,556 |

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- Definition Notes payable. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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